Economy • 11 December, 2018

Petroleum production increased by 9,3% — Kanat Bozumbayev 

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At the Government meeting chaired by the Prime Minister Bakytzhan Sagintayev, Minister of Energy Kanat Bozumbayev reported on the development of the fuel and energy industry over 11 months of 2018.

According to the Ministry of Energy, for 11 months of 2018, the main indicators of the fuel and energy industry show a positive growth trend.

The volume of oil and condensate production amounted to about 82.4 million tons, showing an increase of 4.9% compared to the corresponding period of 2017. As Bozumbayev noted, oil production in three large projects amounted to 49 million tons, including 12 million tons at the Kashagan field, 25.9 million tons at Tengiz, and 11.1 million tons at Karachaganak. Oil exports amounted to 66 million tons, which is 3.8% more than the same period in 2017

“The volume of oil refining amounted to about 15 million tons, showing an increase of 8.6% compared to the same period of 2017, and 2.4% higher than the plan for 11 months. The volume of production of petroleum products (aviation kerosene, diesel fuel, fuel oil, gasoline) amounted to 10.6 million tons, showing an increase of 9.3% over the same period in 2017 and 3.9% of the plan for 11 months of this year,” reported Bozumbayev.

In general, according to the minister, the situation in the oil products market is stable, there is no shortage of fuel. As of Dec. 10 in Kazakhstan, the average retail price for gasoline AI-92 is 154.8 tenge, for inter-seasonal diesel fuel — 193.2 tenge. The amount of fuel residues at the country's oil depots is enough to cover the needs of the domestic market: gasoline reserves of the Аi-92 — 267.5 thousand tons (for 30 days), and diesel fuel — 143.2 thousand tons (for 11 days).

“Due to the disparity of retail prices for oil products at gas stations of the country compared to neighboring countries, there is evidence of high consumption of fuel and lubricants by transit transport in the border areas of the country,” said Bozumbayev.

In this regard, in order to prevent a rise in fuel prices in Kazakhstan, as well as to reduce the risk of a shortage of diesel fuel, the Ministry of Energy is working on measures to temporarily ban the export of petroleum products (diesel fuel) outside the borders of Kazakhstan on the basis of current legislation that does not contradict the EAEU norms.

The retail price of gasoline AI-92 in Kazakhstan is 154.8 tg / l, in the Russian Federation — 230.5 tg / l, in Uzbekistan — 273 tg / l, in Kyrgyzstan — 234 tg / l. The price of one liter of diesel fuel in Kazakhstan is 193.2 tenge, in the Russian Federation — 246.5 tg, Kyrgyzstan — 250.8 tg, in Uzbekistan — 208 tg.

Gas production amounted to 50.5 billion m³, showing an increase of 4.8% compared with January-November 2017, or by 6.1% more than the plan for 11 months. Gas export amounted to 17.9 billion m³, which is more than the same period in 2017 by 14%.

According to the Ministry of Energy of Kazakhstan, 2.8 million tons of liquefied petroleum gas was produced, which is 7.3% more compared to the same period of 2017. Production of petroleum bitumen was 809 thousand tons, which is 147% compared to the same period of 2017 and 108% of the plan for 2018.

Electricity generation amounted to 96.7 billion kWh, which is 4.8% more compared to the same period in 2017.

The volume of uranium mining amounted to 19.6 thousand tons (the plan for 11 months is 19.4 thousand tons, the plan for 2018 is 21.6 thousand tons), which is 93% compared to the corresponding period of 2017, and 100.8% to plan for 11 months.

“The fuel and energy industry continues its dynamic development. Achievement of the main indicators on the permanent control and monitoring of the Ministry,” the Minister Bozumbayev summed up.

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